[x]

See Where You Rank in New Jersey

Source: Laurent Tapie Moved to Dublin, Acquisition a "Done Deal"[ return to main articles page ]

By: Dan Cypra    [See all articles by Dan Cypra]
Published on Mar 25th, 2012
According to a source close to PocketFives, Group Bernard Tapie Managing Director Laurent Tapie (pictured), who is overseeing the much-anticipated acquisition of Full Tilt Poker, has moved to Dublin, Ireland. The significance? Dublin is the site of the headquarters of Full Tilt Poker's parent company, Pocket Kings, and according to our source, Tapie is working in Dublin several days per week gearing up for a re-launch of Full Tilt.

Our source echoed the latest rumblings from Wicked Chops Poker earlier this week, which indicated that Tapie's acquisition of the now-dormant Full Tilt Poker is nearing its completion. The original rumors had the deal being finalized by the end of February, although this was later delayed to March 16th and then March 23rd. Now, as the industry is closing in on the one-year anniversary of Black Friday on April 15th, one question looms large: When will Tapie complete its purchase of the assets of Full Tilt?

"They are finalizing the deal with U.S. Department of Justice, but it's a done deal," our source said about the latest news. "Tapie is getting ready to reopen Full Tilt Poker in Europe. The deal should be signed next week." Whether this information turns out to be true remains to be seen, but our source is very well connected within the online and live poker communities. Tapie is rumored to be re-launching using the Full Tilt Poker brand name, although many believe Full Tilt to be too badly tarnished.

On Thursday, a second source close to the negotiations told PocketFives there was no indication whether an agreement would be signed anytime soon: "I don't want to speculate. It is anybody's guess whether it is this week or next." Then, on Friday, a separate source bluntly stated, "Nothing today."

In a thread in the Poker Sites forum, members of PocketFives were understandably growing weary of the week-by-week teases. One poster referenced the recent introduction of PokerStars Zoom Poker when trying to value Full Tilt: "Wondering if these delays will have an impact on the value of Full Tilt? Rush Poker was a big draw for them, but now that PokerStars has Zoom Poker and it looks like Unibet, iGame, and Betsson will have their version called Fast Poker by the end of the month, could this affect how much Full Tilt is still worth?"

On TwoPlusTwo, another poster questioned, "Unless GBT gives away the world in promotions, what commercial/software advantages are they going to have? Are they going to have name pros? That hasn't worked out well for FTP1." The first go-around of Full Tilt ended in allegations of a "global Ponzi scheme" from the U.S. Government. In addition, 19 pros, including the likes of Phil Ivey and Mike Matusow, allegedly owe $16.5 million to the room.

The rumored purchase would see the U.S. Department of Justice pay back American players, while Tapie would be responsible for refunding users from the rest of the world. How long the repayment process will take has not been announced.

We'll keep you posted on the latest developments right here on PocketFives.

Comments

  1. Sounds good at this point. Now, if only the Scumbags Pros who owe money to FTP pay what they either stole or owe from us the players, it's be super. No need to mention names again as they know, as do we, who they are. What a a bunch of bums they turned out to be.
  2. doj wants money from ftp pros,to payback the players......................................that would be nasty gross
     1
    8
  3. awesome news!
  4. alright im going to use my one time now...... hopefully it turns out to be true!
  5. I have absolutely no faith in the US government fulfilling their end of the deal. I hope I'm wrong.
     
  6. But Matt Glantz said it would never happen, and you reported that as news. How could Matt Glantz be wrong! Lies!!
    Edited By: Gotskillz Mar 25th, 2012 at 07:33 AM
     
  7.  
    Originally Posted by Gotskillz View Post

    But Matt Glantz said it would never happen, and you reported that as news. How could Matt Glantz be wrong! Lies!!


    looooooooooooool
  8. this means absolutely nothing for american players that have huge money in makeup/ on horses accounts when will these scumbag pos gov just regulate online us poker it cant be this difficult they got trillions for bail outs b4 im sure they can handle this "little problem"
     
  9. ONE TIME !!!!
  10.  
    Originally Posted by Gotskillz View Post

    But Matt Glantz said it would never happen, and you reported that as news. How could Matt Glantz be wrong! Lies!!

    Many reputable sites reported what Matt Glantz said. It was news because of what he was saying, not because PocketFives or other outlets thought this was true. I honestly do not get why people do not want Poker news and rumors to be reported on poker outlets. It is similar to ESPN reporting when an athlete says something, should they also stop reporting Sports news and rumors? It does tilt me to some degree.

     
    Originally Posted by ChameleoN89 View Post

    awesome news!

    +1 - hoping that we hear some confirmation next week that the deal is finally done!
  11.  
    Originally Posted by double_kyan View Post

    doj wants money from ftp pros,to payback the players......................................that would be nasty gross

    DOJ needs to pay back players and prosecute the players that don't pay back. They should go to jail in their part of the Ponzi scheme.
  12. Best news about FTP in almost a year.
  13.  
    Originally Posted by ApesAreFun View Post

    Best news about FTP in almost a year.

    Let's hope our source is accurate and this sucker pans out.
     
    Thread Starter
  14. if this is another "cry wolf" article.... ZOMG haha hopefully the source isn't screwing over a deal by announcing a deal prematurely...again.. allegedly...
     
  15. Well lets hope indeed it happens very soon as in my previous posts i gave them till the end of March 2012 and after that i'm not holding my breath any longer.I still maintain that the scumbag crooked Pros are forced to pay back every last penny and then get put in jail for their actions...because once a crook always a crook!!Also, the big shot scumbag lawyers should pay back as well and due to their crooky deals be heavily fined!Time will tell!
  16. In before, ZOMG deal went through, when are we getting paid posts.
  17. If anyone ever catches me playing on FTP when they reopen, please shoot me!
  18. one time
  19. [QUOTE=wackyJaxon;6812821]Many reputable sites reported what Matt Glantz said. It was news because of what he was saying, not because PocketFives or other outlets thought this was true. I honestly do not get why people do not want Poker news and rumors to be reported on poker outlets. It is similar to ESPN reporting when an athlete says something, should they also stop reporting Sports news and rumors? It does tilt me to some degree.

    +1 stfu already..we wanna hear the news..good or bad
 
Page 1 of 11

Return to Articles

Quick Navigation